Steelage Industries (STELAGE-B) manufactures and markets security equipment, steel furniture, fire extinguishers and fire engines. It was incorporated on Sep. 01, 1932, and became a public limited company on Apr. 01, 1967. Earlier known as Iron Allwyn Steel Equipment Company, it acquired its present name with effect from Dec. 02, 1948. The company is a subsidiary of Chubb International, UK, which is controlled by Williams Plc, a world leader in security products and services operating in 60 different countries. Operations are handled by the three divisions of physical security, Minimax - fire extinguishers, and fire-detection systems. The physical security division manufactures and sells security equipment to hospitals, banks, and private sector companies. In the office security segment, its Guardian fire and burglar resistant safes have good market acceptance. It also manufactures sophisticated furniture. The division has two plants at Mumbai and Halol in Gujarat. Minimax has its plant in Chennai and manufactures fire extinguishers and allied equipment. In the office security segment, the company caters to almost all the leading banks like Dena Bank, PNB, Central Bank, SBI, Canara Bank, Hongkong Bank, ANZ Grindlays, Citibank, Stanchart, IndusInd, Global Trust, UTI Bank, IDBI Bank and Times Bank. Its Minimax brand of fire extinguishers are used in companied such as IOC, BPCL, NTPC, IPCL, and HPCL, among others. It has been delisted from the BSE on May 30, 2005 as per takeover regulations.